"Good bye" : BAC, NFLX, HPQ, RIMM and soon Appl too

Netflix, Inc.

 The CEO of Netflix ( "NFLX") was doing great job till last quarter when they decided to increase the price of unlimited 1 DVD. Initially they offered free streaming with unlimited DVD. The stock was trading at $ 300. Soon they started charging for streaming at $ 7.99 and then increased the price to almost $15.00 a month an increase of almost 30% to $226. In a turn around event almost 1 million subscriber have opted out of the scheme. The only people who might still be interested are the one who have new TV or DVD player with Netflix streaming in it. After public apology in his blog Reed Hasting the CEO of Netflix made another blunder with the announcement of Qwikster for DVD mail. Almost 27k people have decided to cancel their service based on http://blog.netflix.com/2011/09/explanation-and-some-reflections.html
There might be many more who havent mention on the site. The stock tumbled to $112 almost dropping 50% in 1 month itself.
The two decision which Netflix made has lost it reputation among common people 1. Increasing price 2. Splitting the business.
In this uncertain and gloomy environment the customer doesnt want to hear any news about price increase. If there is price increase in GAS price, then people have to bear it as its necessity but for entertainment considering HULU or Youtube, Netflix will become obsolete soon. Starz cancelling their contract is another setback for Netflix.

Hewlett-Packard Company  

HPQ has decided to spin off their PC business. Again another big blunder by a CEO.  He lost his job within 1 year, the shortest tenure by any CEO of a fortune 500 company. The stock has fallen 50% till now in less then 3 month time.

Bank of America Corp

Bank of America (NYSE:BAC) have decided to add $5 to debit card fee. Yet another blunder by the CEO in this tough time. Common why will people stick to BAC for paying $ 5 fee.
Again its not helping customer at all in this tough time. People will cancel their account and move to other bank or shop with cash in hand.

Research In Motion Limited (USA)

 I just to bid farewell to  (NASDAQ:RIMM) considering their 90's phone and playbook. Who uses Blackberry this days expect people on Wall streets ? It is an age of smartphone. Their phone and playbook is so outdated, people hide their phones in public places.


Next to "Good bye" list will be Apple by next quarter.

Apple Inc.

I think (Nasdaq: aapl) is overbought at this time. Also I am not comfortable with fact the economy is bad. People have no money, so why will they buy $499 IPAD or $299 iphone. The people who wanted to buy this gadget have bought it. Finding new buyer is difficult except oversea where it will have demand and money. I think US market for AAPL will shrink unless they reduce the price. The other problem with iphone is call drops. IPAD cannot replace PC. The demand of IPAD will shrink, its only good for business people who travels alot. People who are programmer or school going kids need PC for programming, make projects, presentation  or even watch movies or chat, which IPAD lacks and it will never replace it. IPAD is toy for kids and business man for timepass.

Aapl is good buy under $350 with price target $380.